Stevens & Bolton has advised Rock Rail, an investor-developer of rolling stock and other rail infrastructure, in relation to its equity investment, alongside Japan Infrastructure Initiative (JII), for the £400 million financing of new trains for Abellio UK’s new East Midlands Railway.
The new state-of-the-art train fleet will start operating in 2022, serving the main cities and towns on the Midland Main Line to and from London St Pancras. The fleet will be financed through Rock Rail East Midlands and leased to Abellio for the life of the franchise.
This latest deal is the fourth Rock Rail rolling stock deal on which Stevens & Bolton has provided support, including both the South Western and East Anglia rail franchise projects.
The Stevens & Bolton team was led by corporate partner Richard Baxter, support by James Floyd and Rebecca Hunt (corporate), Andrew Dodd (finance) and Beverley Whittaker (commercial).